It is rumored that Baidu Kunlun Core will go to Hong Kong for IPO valuation target of US$50 billion

According to the Science and Technology Innovation Board Daily, Baidu Group's share price strengthened today, rising more than 8%. It is understood that Baidu's Kunlun Core plans to go public in Hong Kong with a target valuation of approximately US$50 billion. According to informed sources, Tencent has become a customer of Kunlun Core, and ByteDance is also considering adopting its AI chips. At present, Kunlun Core P800 has completed large-scale verification. Since 2025, it has delivered multiple Wanka clusters, and has completed training on important versions of Wenxin 5.1 in national production clusters.